Watch National Bank of Canada (TSX:NA) and another top financial closely in May. The post 2 Canadian Bank Stocks to Watch in May 2024 (They’re Not the Big 5) appeared first on The Motley Fool Canada.
Further to its April 18, 2024 announcement, Laurentian Bank of Canada (TSX: LB) (the "Bank") today announced the applicable dividend rates for its Non-Cumulative Class A Preferred Shares, Series 13 (the "Preferred Shares Series 13") and Non-Cumulative Class A Preferred Shares, Series 14 (the "Preferred Shares Series 14").
The reduction in the workforce was notified to the employees by CEO Eric Provost through an internal note on Wednesday, it said. Laurentian Bank, which launched a strategic review in July 2023, said it considered a variety of options, including selling itself and divesting certain businesses. The Canadian bank, however, reportedly struggled to find an acquirer and the country's top banks - Bank of Nova Scotia and Toronto-Dominion Bank - had backed out from bidding for the company.